Canara Bank is one of the leading public sector banks that offer loans to Micro, Small and Medium Enterprises (MSMEs) at an interest rate of 9.60% onwards. Canara bank offers business loans to SMEs (Small and Medium Enterprises), as well so that they can start their own business. The Canara bank provides various business loan schemes, so that they can serve the all the business related requirements.
|Canara Bank Business Loan Interest Rate 2020|
|Interest rate||9.60% onwards|
|Loan amount||Min. Rs.50, 000 to Max. up to 5 crore & above|
|Repayment tenure||Max. up to 5 years|
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned fee & charges.